Cryptocurrencies and Anti-Money Laundering Compliance Training

Learn to prevent, detect and investigate the use of virtual assets for illicit activities 

The Basel Institute on Governance is offering a four-day training course on the fundamentals of cryptocurrencies, financial crime and anti-money laundering (AML) compliance.

Delivered virtually over four 3-hour sessions, the course aims to help practitioners from a wide range of law enforcement, financial and business sectors prevent, detect and investigate the use of cryptocurrencies for illicit activities. 

Policymakers, regulators and investigative journalists will also benefit from the comprehensive introduction to virtual assets and blockchain analysis, due diligence and risk management, including the implications of EU anti-money laundering directives (AMLDs) and ultimate beneficial ownership (UBO) requirements.

The workshop centres around a practical money laundering case scenario, in which participants will investigate the “cleaning” of stolen assets for integration into the financial system by tracing transactions through the blockchain.

The course draws on the popular Money Laundering using Cryptocurrency training programme of the Basel Institute’s International Centre of the Asset Recovery, which is offered exclusively to government agencies in partner countries.

Federico Paesano

Senior Financial Investigation Specialist
+41 79 601 9569

Course details

  • Target audience: This course is open to all students, officers and professionals seeking to navigate the world of virtual assets and financial crime. This includes investigators, prosecutors, members of Financial Intelligence Units, lawyers, AML/CFT and compliance professionals, FinTech/RegTech practitioners, plus investigative journalists.
  • Participants: 5 to 30.
  • Delivery method: Instructor-led course delivered virtually via video conference and the Basel Institute’s LEARN platform. The course combines presentations, group discussions and practical exercises.
  • Costs: CHF 500 per person. Reduced rate of CHF 200 for members of public-sector, multilateral, non-profit and academic organisations, plus independent journalists.
  • Language: English.
  • Timing: Three hours per day over four consecutive days.
  • Certificate: Provided to participants who attend for the full duration of the course.

Availability and dates

Limited spaces still remain on the following dates:

  • 5–8 April 2022, 09:00–12:30 CET daily – SOLD OUT
  • 11–14 July 2022, 09:00–12:30 CET daily – Register here
  • 13–16 September 2022, 09:00–12:30 CET daily – Register here

Watch this space for further dates or follow the Basel Institute on LinkedIn and Twitter to catch announcements.

The courses take place in 3.5-hour virtual sessions over four days, with a half-hour break.

Please note:

  • To request the discounted rate (see conditions above), please complete this form. We will get back to you shortly to determine eligibility and provide you with a discount code for the payment system.
  • You may pay the full amount upon registration using any major credit card. If you are unable to pay by credit card for any reason, please complete this form to request an invoice for payment via bank transfer.
  • Registration implies you accept the full terms and conditions of the course, available to download here.
  • Private courses for your company or organisation are also possible. Please contact us to discuss specific needs, timings, languages and fees.

What does the course cover?

Over four days, participants will explore:

  1. Introduction to cryptocurrencies. This module unpacks the meaning and scope of terms like “cryptocurrency”, “virtual asset” and “distributed ledger technology (DLT)”. It also explores how and why these technologies emerged.
  2. Crypto 101 – addresses, keys and transactions. How does the Bitcoin network operate and what are the functions of public key cryptography, hash functions and digital signatures? Participants will also learn how to generate and manage Bitcoin addresses.
  3. The blockchain and mining. How are transactions stored in the blockchain and validated and secured by miners?
  4. Blockchain analysis. How can you monitor transactions in real time and which are the most appropriate software tools? This module also explores the techniques criminals use to stay anonymous.
  5. Due diligence. This module offers a crucial insight into how financial intermediaries can adapt traditional AML/CFT programmes to new payment methods.
  6. Risk-based management. Adapting risk management frameworks to clients, assets and transactions involving virtual assets requires both legal and technical skills. What are some best practices and information sources?
  7. Offshore structures and money laundering. In the final module, participants will explore how criminals misuse offshore structures to conceal beneficial ownership and hold cryptocurrencies on their behalf. It focuses on EU AMLDs setting out UBO requirements, the need for central registers, and beneficial ownership in respect of trusts and similar legal arrangements.

Trainers

 

Federico Paesano

Senior Financial Investigation Specialist
+41 79 601 9569

Phyllis Atkinson

Head of Training ICAR
+41 61 205 55 11

Christine McAteer

Senior Compliance Advisor, SIX Digital Exchange

Course leader: Federico Paesano, Senior Financial Investigation Specialist, Basel Institute on Governance

Federico Paesano is a former Chief Investigator with the Italian Financial Police and mentor to the Afghan Minister of Interior on anticorruption. A Certified Cryptocurrency Investigator, he has specialised knowledge in cryptocurrencies, money laundering and financial investigation involving virtual assets. Federico is a founding member of the Working Group on Cryptocurrencies with EUROPOL and INTERPOL, which co-organises the annual Global Conference on Criminal Finances and Cryptocurrencies. The Working Group published a series of seven Recommendations to combat virtual assets-based money laundering and other crypto-enabled crime in January 2022.

Phyllis Atkinson, Head of Training, Basel Institute on Governance

A former Public Prosecutor, Advocate of the High Court and Certified Fraud Examiner, Phyllis Atkinson has vast experience in high-profile criminal investigations and prosecutions and mutual legal assistance. As Head of Training at the Basel Institute’s International Centre for Asset Recovery (ICAR), she leads high-impact, interactive training programmes in financial investigations, asset recovery and related topics around the world.

Christine McAteer, Senior Compliance Advisor, SIX Digital Exchange

As Senior Compliance Advisor at SIX Digital Exchange (SDX), Chris McAteer specialises in the implementation of DLT and traditional compliance programmes for global clients. She has over 15 years’ experience in AML/CTF and sanctions management. Chris founded the AML Task Force within the Crypto Valley Association and the OpenVASP Association, a protocol dedicated to FATF travel rule compliance. Chris frequently represents national and industry interests towards the OECD, FATF, WTO and UN committees, and is a Certified Cryptocurrency Investigator (CCI) and Anti-Money Laundering Specialist (ACAMS).